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Writer's pictureTech Guy

Tech Guy Comments 9/19/24

November Crude Oil closed above the upper resistance price of 70.65. This is seen as bullish.

support - 70.70

70.00

resistance - 72.00

73.40


November Soybeans marked it's low at the 1007.00 support price, then rallied about 11 cents.

support - 1009.50

1007.00

resistance - 1022.00

1032.00


December Soymeal marked it's low 1 tick above the 319.50 support level, then rallied about 4.50 bucks.

support - 320.00

317.50

resistance - 327.00

333.00


December Corn sold off about 7 cents from the overnight open/high to 405.25, which was about 3 cents below support.

support - 402.50

397.00

resistance - 410.00

416.00


December SRW Wheat marked it's low 1.00 cent below the 565.00 support price, after selling off about 13 cents from the high.

support - 564.00

560.00

resistance - 583.00

589.00


December HRW Wheat crashed through support and marked it's low at 564.00, which was the same low price as soft wheat.

support - 564.00

556.00

resistance - 580.00

588.00


December Spring Wheat marked it's low 4.00 cents below the 606.00 support level, after selling off about a dime high to low.

support - 603.00

597.50

resistance - 620.00

627.00


December S&P marked a new all time high about 40 bucks higher than yesterday's high/resistance.

support - 5756

5735

resistance - 5800

??



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